Alphabet Inc. $GOOGL Stock: Sax Wealth Advisors LLC Grows Position

Key Points

• Sax Wealth Advisors increased its Alphabet stake by 48.9% in the third quarter, bringing its holdings to 54,849 shares valued at approximately $18.9 million. Institutional investors own about 40% of Alphabet’s stock.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $425.72; recent targets include $450 from Needham and $465 from BMO Capital Markets.
• Alphabet reported quarterly EPS of $9.11 and revenue of $119.8 billion, exceeding estimates, while shares traded around $355.10. Investors are also monitoring heavy AI infrastructure spending, potential free-cash-flow pressure, and ongoing legal allegations related to Gemini development disclosures.

Sax Wealth Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 48.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,849 shares of the information services provider's stock after acquiring an additional 18,018 shares during the quarter. Sax Wealth Advisors LLC's holdings in Alphabet were worth $18,872,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the 4th quarter valued at $32,000. EMC Capital Management purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $33,000. Core Capital Management & Research inc. bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $41,000. Premier Financial Group bought a new stake in shares of Alphabet in the 2nd quarter worth about $45,000. Finally, Bard Associates Inc. purchased a new position in Alphabet in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. BMO Capital Markets set a $465.00 price target on Alphabet and gave the company an "outperform" rating in a report on Thursday, July 23rd. Needham & Company LLC reissued a "buy" rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, October 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Friday, July 17th. Freedom Capital upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 23rd. Finally, DZ Bank upgraded Alphabet to a "strong-buy" rating in a report on Thursday, July 23rd. Five research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $425.72.

Alphabet Stock Up 0.7%

Alphabet stock traded up $2.38 during midday trading on Tuesday, reaching $355.10. The company's stock had a trading volume of 12,372,842 shares, compared to its average volume of 30,546,947. Alphabet Inc. has a 52-week low of $240.51 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.72 and a quick ratio of 2.64. The stock has a market capitalization of $4.34 trillion, a P/E ratio of 17.83, a PEG ratio of 1.02 and a beta of 1.21. The stock's 50-day simple moving average is $345.48 and its 200-day simple moving average is $349.96.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, sell-side analysts expect that Alphabet Inc. will post 20.54 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 7th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, September 4th. Alphabet's payout ratio is 4.42%.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $19.46, for a total transaction of $3,832,277.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $333.20, for a total value of $149,606.80. Following the completion of the sale, the chief accounting officer owned 27,386 shares in the company, valued at approximately $9,125,015.20. The trade was a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 441,399 shares of company stock valued at $8,677,053. 11.61% of the stock is owned by company insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term investment case remains supported by rapid Google Cloud expansion, a reported $514 billion cloud backlog, and growing adoption of AI Mode. Analysts and investors continue to view the company as offering significant upside, with Cantor Fitzgerald reaffirming an “Overweight” rating and a $420 price target. Alphabet could be worth $700 by 2030
• Positive Sentiment: Google’s agreement with Constellation to secure approximately 3.6 gigawatts of nuclear power could provide reliable electricity for energy-intensive AI data centers, reinforcing Alphabet’s infrastructure strategy and potentially improving long-term capacity planning. Google and Constellation nuclear power deal
• Positive Sentiment: New consumer initiatives, including the $180 Fitbit Edge and a Function Health partnership combining wearable data with more than 160 lab tests, could expand Google’s subscription-based health ecosystem and strengthen engagement across its devices and services. Google health data partnership
• Neutral Sentiment: Alphabet and Amazon are each committing roughly $200 billion to AI data centers. Alphabet’s spending may accelerate cloud and AI revenue, but investors are monitoring whether returns justify the enormous capital requirements. Alphabet and Amazon AI data center spending
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action covering investors who purchased Alphabet securities from May 19 through July 16, 2026. The allegations concern claims that Alphabet misrepresented development progress for its Gemini 3.5 Pro model; the lead-plaintiff deadline is December 1, 2026. Alphabet Gemini securities-fraud lawsuit
• Negative Sentiment: Some investors question the quality of Alphabet’s recent earnings growth: reported EPS of $9.11 benefited substantially from a non-operating paper gain, while data-center spending exceeded cash generated by operations. That raises concerns about free-cash-flow pressure despite strong headline results. Alphabet cloud growth and paper EPS gain

Alphabet Profile

Alphabet Inc is a technology and internet services company best known as the parent company of Google. Its primary business, Google Services, includes online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a range of hardware and subscription products.

Alphabet also operates Google Cloud, which provides infrastructure, data analytics, cybersecurity, productivity software, and artificial intelligence services to businesses, governments, and other organizations.

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